Nowadays we hear a lot about artificial intelligence (AI), the term is often discussed in various media channels. It is new and trendy. Everyone is talking about the impact and implementation of this revolutionary technology. Yet, not many know the current stage it is now, not to mention, what benefits and risks it brings along. AI is an intelligence presented by machines it performs convoluted tasks as learning, analyzing, and conducting different processes. The technology is more advanced than its predecessors because it can produce similar “cognitive” functions to humans.

Enterprises around the world recognize artificial intelligence benefits for their brands. Many business leaders say that AI will be a vital part of the future business landscape. It’s hard to doubt the advantages of this innovation. Especially, when famous brands like Google, Facebook, Amazon, Tesla are successfully implementing AI. However, technologies of the future bring uncertainty, the doubt of the risks and benefits. In this article, we will review the pros and cons of artificial intelligence.

Benefits and Risks of Artificial Intelligence

The artificial Intelligence future seems promising: automated living, smart cities and houses, advanced health care, and many other enhanced areas. However, for it to thrive, we, as a human race, have to step up and find the most suitable methods to master the technology. At the current stage, it’s not completed, and along with its benefits, AI can cause many risks.

Bill Gates, a co-founder of Microsoft, in his recent interview, stated that artificial intelligence could be compared with nuclear weapons. He grounds his opinion by saying that as much as this new technology is promising, we aren’t aware of how to properly deal with it. He said that without appropriate knowledge, AI becomes overwhelming and dangerous to society.

To have a better picture of both sides of AI, we listed the main advantages and threats of this innovation.

Benefits of Artificial Intelligence

Task optimization – the focal goal of most of the new age technologies is to optimize our daily chores and make the process more efficient. AI is not an exception. It allows machines to perform general and more advanced operations. For example, systems like Amazon Alexa can execute functions such as ordering goods, playing your favorite music or making to-do lists. Another use case is autonomous vehicles that are navigated using AI technology. These examples illustrate how AI can help to eliminate unnecessary tasks.

Reduction of human error – by automating operations we can successfully avoid most of the human-made errors. AI is an ideal example of how a machine can reduce mistakes and accelerate processes. Computers are more resistant to outside harms they perform with a significant level of precision and can do the same task faster than their human counterparts. For example, NASA sends AI-based robots to explore space as the technology is more immune to damages and mistakes.

Applicable to different industries – from the healthcare sector to aviation AI is thriving with its innovative solutions. AI concept is flexible: that means it can be easily implemented for various causes. It can be as successfully used to navigate a vehicle as to perform a surgery. The ease of implementation makes it one of the most versatile technologies of our age.

Risks of Artificial Intelligence

High costs – on the other hand, artificial intelligence can cause some disadvantages. One of the biggest concerns for companies is high costs. AI itself is a complex mechanism, thus, to create and install it to the business requires a lot of money. Not to mention, it has to be continuously updated, and in the case of an error or damage, it costs thousands to fix it. As a result, most of the companies that use it are large and established enterprises.

Lack of improvement with experience – AI was developed to assists humans and make our daily tasks easier. However, the technology is missing the main point of this concept – self-improvement. Colloquially, it can perform perplexing operations, yet it doesn’t learn and improve itself. Unlike AI, humans can execute an assignment, gain experience, and with time, move to more complicated ones.

Can cause unemployment – when it comes to artificial intelligence unemployment is the biggest concern. People are afraid that advanced technology like AI can easily replace them as it doesn’t require a salary and can consistently perform the same functions. As this issue might sound more like a scenario of a sci-fi movie, it can happen. However, at the grade of advancement, AI threats mostly some of the blue-collar jobs.

The artificial intelligence concept is difficult to comprehend, especially, when it comes to possible threats or prosperity. At the current stage, AI still requires a lot of attention and improvement, and yet it can benefit society in many ways. The technology can speed up daily operations and bring the advantage of a faster, more sustainable, and efficient environment. Having in mind all of the perils it can cause, we can enhance this innovation and develop it to be impeccable for our society.

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